Blockchain technology concerns and corporate financial risk prevention—A quasi-natural experiment for Chinese listed A-share companies
Author
Abstract
Suggested Citation
DOI: 10.1016/j.eap.2024.02.028
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Le, Anh-Tuan & Doan, Anh-Tuan & Phan, Thu, 2021. "Institutional development and firm risk from a dynamic perspective: Does ownership structure matter?," Economic Analysis and Policy, Elsevier, vol. 72(C), pages 342-357.
- Xuewei Wang & Maosheng Ran & Xiaoge Tong, 2023. "Capitalisation of research and development investment and enterprise value: a study on the threshold effect based on level of financialisation," Economic Research-Ekonomska Istraživanja, Taylor & Francis Journals, vol. 36(2), pages 2142827-214, July.
- Chin, Tachia & Wang, Wannan & Yang, Meng & Duan, Yunlong & Chen, Yantai, 2021. "The moderating effect of managerial discretion on blockchain technology and the firms’ innovation quality: Evidence from Chinese manufacturing firms," International Journal of Production Economics, Elsevier, vol. 240(C).
- Boon Seng Tan & Kin Yew Low, 2019. "Blockchain as the Database Engine in the Accounting System," Australian Accounting Review, CPA Australia, vol. 29(2), pages 312-318, June.
- David Yermack, 2017. "Corporate Governance and Blockchains," Review of Finance, European Finance Association, vol. 21(1), pages 7-31.
- Callaway, Brantly & Sant’Anna, Pedro H.C., 2021.
"Difference-in-Differences with multiple time periods,"
Journal of Econometrics, Elsevier, vol. 225(2), pages 200-230.
- Brantly Callaway & Pedro H. C. Sant'Anna, 2018. "Difference-in-Differences with Multiple Time Periods," Papers 1803.09015, arXiv.org, revised Dec 2020.
- Hong, Han & Huang, Jing-Zhi & Wu, Deming, 2014. "The information content of Basel III liquidity risk measures," Journal of Financial Stability, Elsevier, vol. 15(C), pages 91-111.
- Huang, Xinhui & Tarkom, Augustine, 2022. "Labor investment efficiency and cash flow volatility," Finance Research Letters, Elsevier, vol. 50(C).
- Morkunas, Vida J. & Paschen, Jeannette & Boon, Edward, 2019. "How blockchain technologies impact your business model," Business Horizons, Elsevier, vol. 62(3), pages 295-306.
- Han, Hongdan & Shiwakoti, Radha K. & Jarvis, Robin & Mordi, Chima & Botchie, David, 2023. "Accounting and auditing with blockchain technology and artificial Intelligence: A literature review," International Journal of Accounting Information Systems, Elsevier, vol. 48(C).
- Kowalski, Michał & Lee, Zach W.Y. & Chan, Tommy K.H., 2021. "Blockchain technology and trust relationships in trade finance," Technological Forecasting and Social Change, Elsevier, vol. 166(C).
- Thu Trang Ta & Thanh Nga Doan & Hoai Nam Tran & Tuan Anh Dam & Trinh Manh Quyen Pham, 2022. "Factors affecting the application of balanced scorecard to enhance operational efficiency of listed companies: The case of Vietnam," Cogent Business & Management, Taylor & Francis Journals, vol. 9(1), pages 2149146-214, December.
- Guangyang Wang & Junwei Bai & Jian Xing & Jianfei Shen & Erli Dan & Xinyuan Zheng & Ludan Zhang & Peng Liu & Renchi Feng, 2023. "Operational Efficiency and Debt Cost: The Mediating Effect of Carbon Information Disclosure in Chinese Listed Companies," Sustainability, MDPI, vol. 15(2), pages 1-18, January.
- Rongwu Zhang & Yanzhen Lin & Yingxu Kuang, 2022. "Will the Governance of Non-State Shareholders Inhibit Corporate Social Responsibility Performance? Evidence from the Mixed-Ownership Reform of China’s State-Owned Enterprises," Sustainability, MDPI, vol. 14(1), pages 1-26, January.
- Lou, Xu & Qian, Aimin & Zhang, Chenyu, 2021. "Do CEO's political promotion incentives influence the value of cash holdings: Evidence from state-owned enterprises in China," Pacific-Basin Finance Journal, Elsevier, vol. 68(C).
- Kopyto, Matthias & Lechler, Sabrina & von der Gracht, Heiko A. & Hartmann, Evi, 2020. "Potentials of blockchain technology in supply chain management: Long-term judgments of an international expert panel," Technological Forecasting and Social Change, Elsevier, vol. 161(C).
- Kuang-Cheng Chai & Yang Yang & Chin-Piao Yeh & Li-Mei Liang, 2022. "External profit pressure and operating efficiency: evidence from Chinese listed companies," Applied Economics, Taylor & Francis Journals, vol. 54(13), pages 1449-1459, March.
- Merton, Robert C, 1974.
"On the Pricing of Corporate Debt: The Risk Structure of Interest Rates,"
Journal of Finance, American Finance Association, vol. 29(2), pages 449-470, May.
- Merton, Robert C., 1973. "On the pricing of corporate debt: the risk structure of interest rates," Working papers 684-73., Massachusetts Institute of Technology (MIT), Sloan School of Management.
- Shuangyan Li & Dan Wang & Hao Dong & Qiang Fu, 2022. "Blockchain Development and Corporate Performance in China: The Role of Ownership," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 58(11), pages 3090-3102, September.
- Kai Wan & Xiaolin Yu, 2022. "Impact of mixed ownership reforms on firm innovation–empirical evidence from China," Journal of Applied Economics, Taylor & Francis Journals, vol. 25(1), pages 1339-1354, December.
- Dai Yuhui & Lu Zhang, 2023. "Regional Digital Finance and Corporate Financial Risk: Based on Chinese Listed Companies," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 59(2), pages 296-311, January.
- Qincheng Zhang & Mingzeng Yang, 2023. "Digital Transformation, Top Management Team Heterogeneity, and Corporate Innovation: Evidence from A Quasi-Natural Experiment in China," Sustainability, MDPI, vol. 15(3), pages 1-23, January.
- Wang, Chengfu & Chen, Xiangfeng & Xu, Xun & Jin, Wei, 2023. "Financing and operating strategies for blockchain technology-driven accounts receivable chains," European Journal of Operational Research, Elsevier, vol. 304(3), pages 1279-1295.
- Angelis, Jannis & Ribeiro da Silva, Elias, 2019. "Blockchain adoption: A value driver perspective," Business Horizons, Elsevier, vol. 62(3), pages 307-314.
- Meftah Gerged, Ali & Kuzey, Cemil & Uyar, Ali & Karaman, Abdullah S., 2023. "Does investment stimulate or inhibit CSR transparency? The moderating role of CSR committee, board monitoring and CEO duality," Journal of Business Research, Elsevier, vol. 159(C).
- Yen Nguyen & Liem Nguyen, 2022. "Funding liquidity, bank capital, and lending growth in a developing country," Cogent Economics & Finance, Taylor & Francis Journals, vol. 10(1), pages 2122958-212, December.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Akter, Mohsina & Kummer, Tyge-F. & Yigitbasioglu, Ogan, 2024. "Looking beyond the hype: The challenges of blockchain adoption in accounting," International Journal of Accounting Information Systems, Elsevier, vol. 53(C).
- Han, Hongdan & Shiwakoti, Radha K. & Jarvis, Robin & Mordi, Chima & Botchie, David, 2023. "Accounting and auditing with blockchain technology and artificial Intelligence: A literature review," International Journal of Accounting Information Systems, Elsevier, vol. 48(C).
- Huang, Lingyu & Zhou, Tingyuan, 2024. "How does blockchain technology enhance firm operation and cooperation?," International Review of Economics & Finance, Elsevier, vol. 92(C), pages 34-49.
- Kimani, Danson & Adams, Kweku & Attah-Boakye, Rexford & Ullah, Subhan & Frecknall-Hughes, Jane & Kim, Ja, 2020. "Blockchain, business and the fourth industrial revolution: Whence, whither, wherefore and how?," Technological Forecasting and Social Change, Elsevier, vol. 161(C).
- Wang, Jinbo & Ran, Maosheng & Huang, Qing & Li, Wanli, 2022. "Nationalization of private enterprises and default risk: Evidence from mixed-ownership reform in China," Economic Analysis and Policy, Elsevier, vol. 76(C), pages 534-553.
- Wilson, Kathleen Bridget & Karg, Adam & Ghaderi, Hadi, 2022. "Prospecting non-fungible tokens in the digital economy: Stakeholders and ecosystem, risk and opportunity," Business Horizons, Elsevier, vol. 65(5), pages 657-670.
- Kouhizadeh, Mahtab & Saberi, Sara & Sarkis, Joseph, 2021. "Blockchain technology and the sustainable supply chain: Theoretically exploring adoption barriers," International Journal of Production Economics, Elsevier, vol. 231(C).
- Gad, Mahmoud & Nikolaev, Valeri & Tahoun, Ahmed & van Lent, Laurence, 2024. "Firm-level political risk and credit markets," Journal of Accounting and Economics, Elsevier, vol. 77(2).
- Tao Chen & Shinichi Kamiya & Pingyi Lou & Andreas Milidonis, 2023. "Analyst coverage, executive compensation and corporate risk‐taking: Evidence from property–casualty insurance firms," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 90(4), pages 899-939, December.
- Orji, Ifeyinwa Juliet & Kusi-Sarpong, Simonov & Huang, Shuangfa & Vazquez-Brust, Diego, 2020. "Evaluating the factors that influence blockchain adoption in the freight logistics industry," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 141(C).
- Haji Suleman Ali & Feiyan Jia & Zhiyuan Lou & Jingui Xie, 2023. "Effect of blockchain technology initiatives on firms’ market value," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 9(1), pages 1-35, December.
- de Villiers, Charl & Kuruppu, Sanjaya & Dissanayake, Dinithi, 2021. "A (new) role for business – Promoting the United Nations’ Sustainable Development Goals through the internet-of-things and blockchain technology," Journal of Business Research, Elsevier, vol. 131(C), pages 598-609.
- Fang, Guanfu & Gao, Tiantian & He, Huanlang & Sun, Qian, 2023. "Public credit information arrangements and entrepreneurship: Evidence from China," China Economic Review, Elsevier, vol. 81(C).
- Park, Andrew & Wilson, Matthew & Robson, Karen & Demetis, Dionysios & Kietzmann, Jan, 2023. "Interoperability: Our exciting and terrifying Web3 future," Business Horizons, Elsevier, vol. 66(4), pages 529-541.
- Rico-Peña, Juan Jesús & Arguedas-Sanz, Raquel & López-Martin, Carmen, 2023. "Models used to characterise blockchain features. A systematic literature review and bibliometric analysis," Technovation, Elsevier, vol. 123(C).
- Sharma, Luv & Olson, John & Guha, Abhijit & McDougal, Lori, 2021. "How blockchain will transform the healthcare ecosystem," Business Horizons, Elsevier, vol. 64(5), pages 673-682.
- Patel, Ritesh & Migliavacca, Milena & Oriani, Marco E., 2022. "Blockchain in banking and finance: A bibliometric review," Research in International Business and Finance, Elsevier, vol. 62(C).
- Piñeiro-Chousa, Juan & Šević, Aleksandar & González-López, Isaac, 2023. "Impact of social metrics in decentralized finance," Journal of Business Research, Elsevier, vol. 158(C).
- Wei Le & Adriana Moros-Daza & Maria Jubiz-Diaz & Stefan Voß, 2023. "A Blockchain Prototype for Improving Electronic Seals on Container Shipping Operations," Sustainability, MDPI, vol. 15(14), pages 1-22, July.
- Zhang, Jian & Zhang, Xuanjian & Liu, Wei & Ji, Ming & Mishra, Arunodaya Raj, 2022. "Critical success factors of blockchain technology to implement the sustainable supply chain using an extended decision-making approach," Technological Forecasting and Social Change, Elsevier, vol. 182(C).
More about this item
Keywords
Blockchain; Financial risk; Accounts receivable management; Solvency; Corporate Performance;All these keywords.
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:ecanpo:v:81:y:2024:i:c:p:1496-1512. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.journals.elsevier.com/economic-analysis-and-policy .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.